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Jun 20, 2013
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he saved the economy. now he is in the process of mapping the economy. you look at the second part, managing is harder than saving because you can do different things rather than one thing. so the market feels uncertain about this. natural for it to be uncertain. in the risk off, risk on world, when they're not sure, they stop everything. >> neil: you were around during the '87 market crash and crashettes. before and after. what do you watch for for something that overstays its welcome? in other words, just vote of keeps going on and -- just kind of keeps going on and on. >> you see if you missed something. this artificial economy, interest rates are out of whack. they're killing all kinds of investors, starting with retirees. so how long it lasts is how long it takes for all of these people to look further into the numbers, and come up with something that satisfied or at least making -- >> that gets to the question on how high should interest rates really be. some say if the fed were to just quit riding the apron strings for us, that maybe they wouldn't
he saved the economy. now he is in the process of mapping the economy. you look at the second part, managing is harder than saving because you can do different things rather than one thing. so the market feels uncertain about this. natural for it to be uncertain. in the risk off, risk on world, when they're not sure, they stop everything. >> neil: you were around during the '87 market crash and crashettes. before and after. what do you watch for for something that overstays its welcome?...
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Jun 23, 2013
06/13
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it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern europe. america is different than mideastern europe. this is a good solution for our national security and for our economy and tough, practical solution to 11 million. and most importantly if we do this bill, amnesty is the status quo. if we do this bill, there will be no third wave of illegal immigration. >> let me ask you about another objection senator lee just mentioned. the idea that this will be a huge 1200-page bill. i heard you complain about that during obamacare. the idea you have this huge bill that nobody has read
it is good for our economy. this bill is good for our national securitiment no one can get a green card until the board of security measures are up and running and e verify is up and running and controlling a job in the -- in america. as to the 11 million they will have an earned, hard pathway to citizenship. they need to get in the back of te line before they become a citizen. they can't cut in line. they have to pass two english proficiency exams. i reject the idea of becoming mideastern...
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Jun 22, 2013
06/13
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if we see interest rates go up, what does that do to the market and it to the economy? >> that's your real danger. a few weeks al ago, 1.6% on a government bond and now 2.5%. who cares. you try to get a mortgage six to eight weeks ago, you could you have gotten it at 3%. now it's pushing 4%. that's a big difference in how you value a home. so this is the market behaving. this isn't the federal reserve. that's bigger than the federal reserve. if it continues and we go to another percent up rapidly, you're going to see housing prices start to go down again and the recovery ending 37 so we don't want to go too far. but i do think a little was good because it was taking the heat off the stock markets. and we don't want artificially low rates, but they deserve rates at about today's level. >> john mayfield, does that worry you, the housing market is one of the few positives in the economy right now. >> yeah, but i don't think rates will go up significantly for a matter of time. you understand to dave's point that 8% was the benchmark brought up by the administration. give us
if we see interest rates go up, what does that do to the market and it to the economy? >> that's your real danger. a few weeks al ago, 1.6% on a government bond and now 2.5%. who cares. you try to get a mortgage six to eight weeks ago, you could you have gotten it at 3%. now it's pushing 4%. that's a big difference in how you value a home. so this is the market behaving. this isn't the federal reserve. that's bigger than the federal reserve. if it continues and we go to another percent up...
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Jun 19, 2013
06/13
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a lot of that, ben bernanke seem to think the economy is improving enough they can take some of that nicotine away. whether that is good or bad in the long term. very short term, they didn't like it. we're going to be all over it in a few minutes. in the meantime, we are also following these developments, not the least, the fallout on heavily and where it goes and more specifically on this immigration plan and where it is not going. stick around. [ male announcer ] we've been conditioned to accept less and less in the name of style and sophistication. but to us, less isn't more. more is more. abundant space, available leading-edge technology, impeccable design, and more than you've come to expect from a luxury vehicle. the lexus es350 and epa-estimated 40 mpg es hybrid. this is the pursuit of perfection. >>. >> neil: you know they knew this day was coming but the reality is sinking is by day's end sending stocks sinking. dow off 206 points off of indications, that ben bernanke has finally has a plan or quasi plan to pull the punch bowl away the tapering of the bond buying and mortgag
a lot of that, ben bernanke seem to think the economy is improving enough they can take some of that nicotine away. whether that is good or bad in the long term. very short term, they didn't like it. we're going to be all over it in a few minutes. in the meantime, we are also following these developments, not the least, the fallout on heavily and where it goes and more specifically on this immigration plan and where it is not going. stick around. [ male announcer ] we've been conditioned to...
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Jun 23, 2013
06/13
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their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're right on the danger point for outbreak of inflation. that's what a fed chief has to be concerned about. the thing chiefs often have to do is raise rates in a way it doesn't blow up the force of whatever recovery is going on, but in time to prevent inflation. once the inflation jeannie is out of the bottle, it is hard to put it back in. last big experience we had with that was with near hyperinflation in the late 1970s, and massive recession was in duesed when paul volcker clamped down on that, raised interest rates to the point we wen
their role in the economy. they just punted by and large. >> let's pick up on that because as julie said, there's the argument in its own way that bernanke statement is good news, inflation is low, it may be tepid, but growth is continuing and it shows the economy is recovering. >> but worry for someone like bernanke, when interest rates are this level and this much stimulus in the economy from that, and the economy strengthens to the point we have reasonably robust growth, you're...
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Jun 21, 2013
06/13
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we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the fed. they wore if he takes his foot off the gas pedal. who knows what will happen to the stack mark. you have too -- the stock market. you have to be invest elfed. the only thing to give you enough oomph to get you through retirement, putting the kids in scamp it's essential. >> jimmy there are so
we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the...
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Jun 21, 2013
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
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Jun 21, 2013
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but we don't believe you that if you take away the stimulus this economy won't be able to stand on its own two feet. until we see otherwise we are going to be concerned that this low trajectory economy can be at risk of dangerous down draft. >> we knew it would impact sometime that the fed would have to dial back on the bond buying spree 85 billion a month taking the foot off the it was pedal. the food news these can lead to buying opportunities. may be something of a rebound today. dow futures are up. >> doug luzader live in washington, thank you. >> it is the first day of summer and we are kicking it off with extreme weather. >> maria molina is in our weather center tracking heavy rains in parts of the country. hi maria. >> good to see you. thank you for having me in the studio. which are talking about extreme weather across parts of the north central u.s. including states like minnesota, the dakotas and as we head into parts of iowa and nebraska large hail damaging winds and isolated tornadoes being a concern. take a look atom. we kickoff the weekend with similar conditions. more sh
but we don't believe you that if you take away the stimulus this economy won't be able to stand on its own two feet. until we see otherwise we are going to be concerned that this low trajectory economy can be at risk of dangerous down draft. >> we knew it would impact sometime that the fed would have to dial back on the bond buying spree 85 billion a month taking the foot off the it was pedal. the food news these can lead to buying opportunities. may be something of a rebound today. dow...
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Jun 20, 2013
06/13
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market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying, okay, we acknowledge we're sort of printing money but we think weeing pull that money back when the time comes. and that's not the issue. the hirsh here, number one, this is a market overreaction to what bernanke, the chairman of the fed, actually said yesterday. he did not say we're going to stop this program. he didn't even -- the program didn't even change. these were in the nuances of the wording that suggested the program might begin to be curtailed sooner than expects and on the markets we're seeing some profit-taking, some selling. analysts have been predicting this would happen a while, 5 or 10 correction. and
market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying,...
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Jun 20, 2013
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if bernanke is talking about easing off the stimulus even a little bit, d ton that mean the economy is improving? isn't there some good news here? >> it's true. it does mean that. but if you look around the funds are better but they're not that strong. we got some jobs numbers today that were pretty good, some housing numbers, existing home sales that were good. but the problem is that as he gets out, people sell bonds, interest rates go up, that will hurt the housing market because that's been one of the main things that has helped housing rebound is this this idea you could borrow money really cheap. rates going up as he exits is going to hurt the recovery we're seeing. >> obviously people took a real hit in their 401(k)s in the last two days. how big a drop could we see in stock prices? >> boy, i wish i knew that answer. i would bet my whole life savings. a lot of people think we're going to see another leg down or a few legs down from here as we see this market sort out and try and find its footing. the problem is that traders have been trading based on liquidity, the amount of mon
if bernanke is talking about easing off the stimulus even a little bit, d ton that mean the economy is improving? isn't there some good news here? >> it's true. it does mean that. but if you look around the funds are better but they're not that strong. we got some jobs numbers today that were pretty good, some housing numbers, existing home sales that were good. but the problem is that as he gets out, people sell bonds, interest rates go up, that will hurt the housing market because...
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Jun 21, 2013
06/13
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and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence will be admissible during this trial. phil keating is live in miami. this hearing focuses on that 911 call we heard so much. in that call we hear the gunshot, right? >> right. this is potentially decisive expert testimony money that can persuade this jury to go guilty or not guilty. whether it's george zimmerman's voice or trayvon martin's voice screaming in the audio tape. even saying quote, i'm begging you. but the defense has its own experts saying it's zimmerman yelling. experts say it's impossible to tell given the quality of the tape. >> 911, do you need police or medi
and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence...
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Jun 20, 2013
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>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea party supporters hitting back at washington. >> anybody want to fire some irs agents? bill: that 15 minutes senator rand paul. he wants people fired. we'll ask him who's talking about when we talk to him live this hour. martha: is an nfl start focus of a murder investigation? he has been accused of another act of violence. bill: two men who investigated twa flight 800 ... >> i saw what appeared to be keep in fireworks. >> i noticed a streak of light go up in the sky. >> there was something going up in the sky. >> this rocket weren't up in the air. >> i saw this white light. >>
>> you are asking the question, can the economy stand on its own without ben? that remains to be seen. the dow jones average is going to open 120 points lower, and that will be in 15 minutes. it dropped 200 yesterday. interest rates are going straight up. a quarter point higher on basic interest rate. that doesn't sound like much. but in the financial world that is huge. and the price of gold is flat out falling out of bed it's down $80 an ounce. martha: gold has had a huge run. bill: tea...
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Jun 20, 2013
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economy, and the markets are reacting. the dow down 187 points right now. fox business network's peter barnes is live in washington. we're back under 15,000, peter. >> reporter: yeah, jon. the markets are reeling after bernanke signaled the beginning of the end of the easy money policies the fed has been using since the financial crisis five years ago. for starters, bernanke said the fed could start to slow its bond-buying program known as quantitative easing later this year as long as the economy keeps growing and unemployment falls. so far the fed has bought $2.5 trillion in bonds to help push down interest rates. in a note to clients today, renaissance macro research said, quote: we suspect markets are significantly overreacting to the prospect of backing away from these bond purchases, so-called tapering. they've been convinced they need the fed's training wheels, so they're nervous about losing them. rbc capital markets said today, quote: one of the big surprises in the bernanke press conference was that the chairman did not attempt to walk back the re
economy, and the markets are reacting. the dow down 187 points right now. fox business network's peter barnes is live in washington. we're back under 15,000, peter. >> reporter: yeah, jon. the markets are reeling after bernanke signaled the beginning of the end of the easy money policies the fed has been using since the financial crisis five years ago. for starters, bernanke said the fed could start to slow its bond-buying program known as quantitative easing later this year as long as...
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Jun 20, 2013
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. >> we might end it if the economy gets better. i don't believe they're really going to do this. >> steve: you don't? >> no. i don't think ben bernanke will be replaced by janet yellen who is into printing money. i think they will not allow the obama economy to rest on its own. they will keep printing money to keep this feeble economy. if you stop printing money, then all the impact of obamacare, higher taxes, all the regulations that this president has imposed, those chickens come home to roost and forget about the 3% growth. we'll have 1% growth if we're lucky. >> steve: we probably have 3% growth because of this printing of the money. >> right. >> steve: i know you don't think it will happen any time soon. but if it did happen next month what, would happen? >> if he stopped printing money next month, the market would go down to 12,000. i've been on tho thank show and i said if he keeps printing money, there is no stopping it. >> steve: you say 20,000? >> if he keeps printing, dow 20,000 in the next couple years is feasible. but
. >> we might end it if the economy gets better. i don't believe they're really going to do this. >> steve: you don't? >> no. i don't think ben bernanke will be replaced by janet yellen who is into printing money. i think they will not allow the obama economy to rest on its own. they will keep printing money to keep this feeble economy. if you stop printing money, then all the impact of obamacare, higher taxes, all the regulations that this president has imposed, those...
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Jun 19, 2013
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so when truck customers are looking for the best combination of capability, power, and fuel economy, i mean, the f-150 is the logical truck to go to. >> and tell me about it being made in america. you're actually employing 3,000 people? >> we mr. the f-150 at two manufacturing locations here in the united states. in michigan we're located in the dearborn truck plant. we've got over 3,000 employees at that plant. >> also missouri, too. >> missouri, that's correct. >> we've got to leave it there. we're apparently in the traffic. but gretchen, brian and steve, here we go. >> steve: all right. you turn on the car and you sit in traffic and she's about to make a left-hand turn onto 6th avenue. >> brian: which i don't think you should be able to do. >> steve: next stop, central park. >> brian: that's the cable news axiom. that's the left turn and those are the people you barely missed. so those people survive. so there is a story. we'll get eric shaun on that. >> i can't believe i'm in a truck. i feel like i'm in a luxurious vehicle. thank you so much. >> you're welcome. >> brian: we want
so when truck customers are looking for the best combination of capability, power, and fuel economy, i mean, the f-150 is the logical truck to go to. >> and tell me about it being made in america. you're actually employing 3,000 people? >> we mr. the f-150 at two manufacturing locations here in the united states. in michigan we're located in the dearborn truck plant. we've got over 3,000 employees at that plant. >> also missouri, too. >> missouri, that's correct....